France-based hotel giant Accor has led a $16 million Series D funding found for India-based Treebo Hotels.
Existing investors Elevation Capital, Matrix Partners, Bertelsmann, and Ward Ferry were also part of the investment, with Bennett Coleman & Company also participating in the support for the hotel franchise and booking platform.
“We are thrilled that through our partnership with Accor, we will have the opportunity to learn from the very best in the hospitality industry. Their strong conviction in technology as a key enabler for the industry makes them the perfect partner for us as we grow both, our hotel business as well as our SaaS business, Hotel Superhero,” Sidharth Gupta, co-founder, Treebo said.
